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Tag: State Owned Enterprise (SOE)

GDP growth – has the time has come to abandon fiscal...

The latest GDP numbers show that the South African economy declined by 3.2% for the first quarter of 2019. This comes after President Ramaphosa announced a R50 billion stimulus package in September 2018. Since that stimulus followed on a decade of stimulus spending instituted since the 2008 global economic crisis, we must now ask whether Minister Pravin Gordhan’s decision to choose stimulus over austerity was the right one.

SAA’s Jarana hits ejector button

South African Airways’ sometimes-controversial CEO, Vuyani Jarana, has resigned. When the news broke on Sunday, many were caught by surprise, perhaps because it follows only a week after the resignation of another state-owned enterprise (SOE) CEO, Eskom’s Phakamani Hadebe.

Misdiagnosis means Eskom’s problems will persist

If you counted every hair on your head, that amount probably will not add up to the amount of times you have read and heard about the causes of the Eskom crisis. Corruption and state capture have been identified as the bedrock reasons why South Africans have been thrown into darkness over the past two weeks. A few people have pinpointed the unions as the cause of the problem because they are enraged about President Ramaphosa’s announcement that Eskom will be unbundled. Yet others have laid the blame on transformation policies, specifically BEE.

2019 Budget | Structural reforms outweigh decimal points deteriorations in the...

Finance Minister Tito Mboweni’s maiden Budget speech is a structural reform budget, which aims to reduce the immediate fiscal and economic risks posed by Eskom’s and other State Owned Enterprises’ (SOEs) unsustainable balance sheets and operational models.

South African State of the Nation Address 2019

Ramaphosa delivers positive 25th State of the Nation address - full text.

Afro-socialists are the cause of black poverty

“Black man, you are on your own.” – S Biko. What did Biko mean when he said this? Did he mean that putting people with a black skin colour in power would automatically solve all our problems?

A bumpy ride for the rand in 2019?

Few currencies matched the rand’s turbulence in 2017, with factors such as Trumpenomics, the firing of finance minister Pravin Gordhan and the appointment of Cyril Ramaphosa as ANC president, contributing to the R2.04 price swing during the year.

Government hubris leaves South Africans in the dark

Industry grinds to a halt. Traffic stands gridlocked. Lights in dangerous areas go out. People sit in the dark. Whereas Christmas should usher in a time of jovial spirit, this December once again brings in load-shedding for South Africans.

Stop making laws to which nobody adheres

The law is supposed to fulfil two important functions in society: protecting people’s persons and property, and conflict avoidance. When the law steps outside of these functions, the law itself becomes a source of conflict, as we have seen throughout history, especially in contemporary South African history.

Further into the mire of socialism

Reality can be avoided for only so long. The South African economy has slipped into its first technical recession since 2009. Cyril Ramaphosa’s confidence in growth for the economy has proven hollow. Without a change in the size and the amount of control the state has grasped over the lives of South Africans, without a change in policy from socialism to free markets, this recession was inevitable.
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